Greece needs psychological, political support -PM

Reuters 02/11/2010 08:53

Greece needs psychological and political support from Europe and does not envisage calling on the International Monetary Fund for help, Greek Prime Minister George Papandreou was quoted as saying on Thursday.

In an excerpt of an interview posted on the website of the newspaper Le Monde, Papandreou said Greece's budget plans were credible and if the country continued to suffer speculative attacks in the market, this would be a problem for all of Europe, not just his country.

"Yes, Greece is credible, we guarantee that its programme is realistic," he said.

"If the speculation continues, it is not the business of Greece, but of the euro zone and Europe. It becomes a question of collective will to regulate the speculation."

The full interview will appear in the print version of Le Monde later on Thursday.

European Union leaders are gathering in Brussels for a summit on Thursday to lay the foundations of a financial rescue for Greece but any package of support is likely to require major economic adjustments by Athens.

Germany and France are expected to take the lead in sending a message that the EU will help Greece tackle its debt and deficit problems.